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Shakti Pumps (India) invests Rs 75 lakh in wholly owned subsidiary

17 Jun 2022 Evaluate

Shakti Pumps (India) has invested Rs 75,00,000 in its wholly owned subsidiary i.e. Shakti Green Industries by subscribing to 7,50,000 Equity Shares of Rs. 10 each. The consolidated investment is Rs 1,26,00,000 after subscribing aforesaid equity shares. Shakti Green Industries is into the business of manufacturing of EV Chargers, EV Motor and controllers.

Shakti Pumps (India) is a specialist in the manufacture of a broad range of submersible pumps and motors for a variety of applications.

Peers
Company Name CMP
Kirloskar Brothers 1742.40
Elgi Equipments 590.65
Shakti Pumps (India) 455.00
KSB 808.00
Oswal Pumps 265.05
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